Wheels Up Experience (NYSE:UP) Trading Up 6.3% - What's Next?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shot up 6.3% on Monday . The stock traded as high as $1.26 and last traded at $1.29. 88,418 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 792,042 shares. The stock had previously closed at $1.21.

Wheels Up Experience Stock Up 1.2 %

The firm has a 50-day moving average price of $1.52 and a two-hundred day moving average price of $1.90. The firm has a market cap of $875.87 million, a PE ratio of -2.53 and a beta of 2.39.

Institutional Investors Weigh In On Wheels Up Experience

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its stake in shares of Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after buying an additional 10,740 shares in the last quarter. Stifel Financial Corp purchased a new position in Wheels Up Experience in the 3rd quarter worth approximately $41,000. Wells Fargo & Company MN boosted its holdings in shares of Wheels Up Experience by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock worth $71,000 after purchasing an additional 14,299 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Wheels Up Experience by 110.7% during the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock worth $80,000 after purchasing an additional 25,495 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $88,000. Institutional investors and hedge funds own 98.20% of the company's stock.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.